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Saw that, too. July 6 date, most recently.
Looks like the Jason and the CFO are dishing out more shares for themselves. That would be 10 form 4s in less than a year now. Those tens of millions of reg D offering shares that got repriced from $1 to .02 may need another reset to continue selling at this point. Jason pretty much tells everyone that they are making donations here but it makes not difference. I can say that I have never seen anything like it in the OTC. I think Jason could shoot shareholders in the street for buying his shares and others would still buy. LOL
Remillard Jason L M Options to Purchase Common Stock
https://www.otcmarkets.com/filing/html?id=16778862&guid=XQD-kpfUcdK-B3h
McCraw Greg Options to Purchase Common Stock
https://www.otcmarkets.com/filing/html?id=16778853&guid=XQD-kpfUcdK-B3h
Im fairly confident that jason and Bennett Purcell are having a sexual relationship
Just look at their 'leadership' pictures
I'm pretty confident that 'the 2 have become one'
I'm sure an RS will be coming soon enough.
Haha at least the tool has stopped trying to push the Uplisting narrative. Everything he does has some amount of arrogance in it. His failures seem to have the opposite effect on him . Lenders aren’t issuing loans these days in the otc markets let alone to a company that is at a state of illiquidity . I wouldn’t be surprised if the undisclosed private investor is Jason .
The word hubris comes to mind. He is just simply robbing traders and he has more tools to keep it going to get those 46.5 million regulation "D" shares sold at .02. The outstanding share count increase suggests to me that he may be ready to issue even more shares to those holders than before to get the price down even more. One message appears certain, If someone buys the stock they are simply throwing their money away. Those who may consider buying shouldn't get teased by a low share count because Jason split this with only 1 million outstanding shares the last time.
He’s good at selling shares for money. And he won’t be in prison for any crimes.
New 8K out dated May 26th. Apparently Jason needs more room for the massive dilution in the pipe line or a prelude for another repricing of the shares currently committed for debt. The authorized share count has been increased from 125 million to 500 million. The way he is rolling out shares that might be enough. LOL For those who may be tempted by the relatively low share count. They have tens of millions of regulation "D" shares repriced at .02 per the March 23rd 8K waiting to get into the market. Also remember that Jason split this stock the last time with only 1 million shares outstanding.
8K Filing May 26 2023
https://www.otcmarkets.com/filing/html?id=16690118&guid=_1T-knRCUJRXB3h
On May 25, 2023, Data443 Risk Mitigation, Inc., a Nevada corporation (the “Company”) filed a Certificate of Change (the “Certificate of Change”) with the Secretary of State of the State of Nevada to amend its Articles of Incorporation to increase the number of authorized shares of common stock, par value $0.001 per share, to 500,000,000 shares.
You have a keen eye.
I’m surprised the bankruptcy court allows this
Jason has issued so many shares that these deals are fairly meaningless for traders. Whatever volume is generated by the many press releases will be soaked up by the share conversions in place. This has been Jason's routine for years. Acquisition news to generate some volume and space from which to sell into the bid. The filings show the shares issued just the month of March listed below and has been doing this every month.
The March 23rd 8K filing turned the regulation "D" offering that is now vested from $1 a share to $.02 a share. That is in excess of 46 million shares that needs to be converted to cover nearly $1 million. This is just a bottomless pit of share conversions that is a trap for any retail that plays with it in my opinion.
Looking at the relatively small amounts raised on each transaction for March you have to wonder how bad the cash flow situation is. This is how you go from more than $10 a share to a 52 week low of .025 in less than a year after the 3rd split in less than 3 years..
For the quarterly period ended March 31, 2023
https://www.otcmarkets.com/filing/html?id=16655167&guid=_Zu-kK05OdBTB3h
On March 2, 2023, we issued 245,000 shares of Common Stock to Mast Hill Fund pursuant to an agreement with Mast Hill Fund, in exchange for $2,020 in note payable principal and $430 of accrued interest.
On March 3, 2023, we issued 220,139 shares of Common Stock to GS Capital Partners LLC pursuant to an agreement with GS Capital Partners LLC, in exchange for $2,900 in note payable principal and $471 of accrued interest.
On March 3, 2023, we issued 235,992 shares of Common Stock to One44 Capital, LLC pursuant to an agreement with One44 Capital, LLC, in exchange for $3,300 in note payable principal and $313 of accrued interest.
On March 7, 2023, we issued 273,081 shares of Common Stock to One44 Capital, LLC pursuant to an agreement with One44 Capital, LLC, in exchange for $3,800 in note payable principal and $364 of accrued interest.
On March 9, 2023, we issued 245,000 shares of Common Stock to Mast Hill Fund pursuant to an agreement with Mast Hill Fund, in exchange for $2,205 in note payable principal and $997 of accrued interest.
On March 10, 2023, we issued 302,030 shares of Common Stock to One44 Capital, LLC pursuant to an agreement with One44 Capital, LLC, in exchange for $4,200 in note payable principal and $406 of accrued interest.
On March 23, 2023, we issued 310,125 shares of Common Stock to One44 Capital, LLC pursuant to an agreement with One44 Capital, LLC, in exchange for $4,300 in note payable principal and $429 of accrued interest.
Sorry I have no PM ability here…
The Cyren IP deal May give them a much-needed boost?
This appears to be another typical Jason software purchase. He likes to purchase software that never found its place in the market for the purpose of promotion and the selling of shares. It sure looks like tis company is a dud as well. I have always wondered if Jason got some kind of off balance sheet kick back on these deals. How is a company who's stock is trading at .02, market cap of 160K, worth the multi million dollar deal that Jason just cooked up?
Post workforce reductions, Cyren now initiates liquidation process
Feb. 22, 2023 9:26 AM ETCyren Ltd. (CYRNQ)By: SA News Team
https://seekingalpha.com/news/3939058-cyren-announces-liquidation
In response to its inability to secure additional sources of liquidity or complete a going concern sale, Cyren (NASDAQ:CYRN) board approved a plan to cease operations and commence insolvency proceedings for the company and to liquidate its wholly-owned subsidiaries under applicable insolvency and other laws.
https://seekingalpha.com/symbol/CYRNQ
I keep thinking what Jason does is unbelievable but he just keeps buying and issuing new shares. They have just begun the selling of the regulation "D" shares now priced at .02 to retire the nearly $1 million offering. At this rate it will take a couple of years to move the 46 million or so shares. How does he get these agreements done for shares? These low volume manipulated walk-ups will only trap so many hapless retail traders.
Buying “Cyren” via cash ($500K) plus $2,000,000 dilution to the common shares.
If they can keep moving a this daily pace it will only take a couple of years to sell the 46 million new shares of the regulation "D" offering at .02. Then they can decide what to do the other notes. I doubt Jason has the patience and badly needs new funds. What to do, what to do...
Even on their best days they can only move a few thousand dollars worth of shares now. Those holding nearly $1 million in regulation "D" shares are likely sweating it out trying to convert them at .02. How Jason intends to cover not only these reg. "D" holders buy all they others holding shares will be a real trick. Does he bring out the big reverse split gun again soon? Buyer beware of the mass of shares waiting to be converted.
Looks like nearly all of the regulation "D" offering became eligible about the same time as when Jason repriced the shares down to .02. I doubt that this will be the last time that he does this because he needs to move around 45.6 million shares at that price or higher. Look for the restricted shares outstanding to decline as they convert. Remember that Jason did a deal in 2020 to sell $1 million worth of stock at .0006. So Jason still has plenty of room for the regulation "D" price adjustments and the games that he is playing now.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
During the three months ended September 30, 2022, we issued shares of our common stock as follows, pursuant to exemption from registration pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder:
> On July 26, 2022, we issued 31,019 shares of our common stock to One44 Capital, LLC pursuant to an agreement with One44 Capital, LLC. The issuance was exempt under Section 4(a)(2) of the Securities Act.
? On August 18, 2022, we issued 27,322 shares of our common stock to Fast Capital, LLC pursuant to an agreement with Fast Capital, LLC. The issuance was exempt under Section 4(a)(2) of the Securities Act.
> On August 19, 2022, we issued 23,460 shares of our common stock to Allan S. Brantley pursuant to an agreement with Allan S. Brantley. The issuance was exempt under Section 4(a)(2) of the Securities Act.
> On September 14, 2022, we issued 11,111 shares of our common stock to Red Road Holdings Corporation pursuant to an agreement with Red Road Holdings Corporation. The issuance was exempt under Section 4(a)(2) of the Securities Act.
>On September 21, 2022, we issued 30,700 shares of our common stock to SJSS Investments pursuant to an agreement with SJSS Investments. The issuance was exempt under Section 4(a)(2) of the Securities Act.
> Between August 25, 2022, and September 30, 2022, we subscribed 829,000 shares of our common stock to certain accredited investors pursuant to a private placement offering. The issuance was exempt under Section 4(a)(2) of the Securities Act and by Rule 506 of Regulation D.
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16432850&guid=gFA-k6fu0R9DB3h
Between August 25, 2022, and November 7, 2022, we sold 931,000 shares of Common Stock to 39 accredited investors in a private placement offering, in exchange for $931,000.
Form 8K
https://www.otcmarkets.com/filing/html?id=16510566&guid=NiA-kq-5bLW3Qth
... we offered and sold to the Investors a total of 931,000 shares of our common stock, par value $0.001 (the “Common Stock”), at a purchase price of $1.00 per share, for aggregate gross proceeds of approximately $931,000....
On March 17, 2023, we amended the terms of the Original SPA (as amended, the “Amended SPA”). Under the Amended SPA, the number of shares received by each Investor will be multiplied by 50.
2020 Triton 8K
https://www.otcmarkets.com/filing/html?id=14568802&guid=-3m-kW1ZyVVaJth
....The total purchase price to be paid by Triton at each closing will be determined by multiplying the number of Purchased Shares to be sold by the Company in the Purchase Notice by the purchase price per share, which is $0.006 per share. However, in no event will Triton be obligated to purchase common stock when the closing price for the Company’s common stock is less than $0.009 per share. Triton is obligated to acquire no more than an aggregate offering price of $1 million.
Private Placements under Regulation D – Investor Bulletin
https://www.sec.gov/oiea/investor-alerts-and-bulletins/private-placements-under-regulation-d-investor-bulletin
One rule investors commonly rely on to resell restricted securities requires you to hold the restricted securities for at least a year if the company does not file periodic reports (such as annual and quarterly reports) with the SEC and six months if the company does file periodic reports with the SEC.
I just saw the press release an that is annual recurring revenue from an existing account. Where has he ever dropped a press release where everything was just fantastic. He posted an annual interest expense of nearly $6 million for 2022 which is nearly double that of 2021. So it is no wonder that had to take the price down from north of $10 a share to a 52 week low of .025. Who does that if they aren't absolutely desperate. What does he do now that lenders from 2022 are now struggling to convert.
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16432850&guid=n44-keSHJML0dth
Net Loss
The net loss for the year ended December 31, 2022 was mainly derived from an operating loss of $3,676,128, and interest expense of $5,979,456 and loss on change in fair value of derivative liability of $57,883. The net loss for the year ended December 31, 2021 was mainly derived from an operating loss of $2,637,239, and interest expense of $3,334,413 and loss on change in fair value of derivative liability of $614,658.
Even on there best days now it doesn't look like they are taking in much cash on the conversions. This may be a period where they walk it up until they shake out the very few who can flip it for a profit. It will take a lot of time and shares for those trying to convert the $1 million regulation "D". There are still a lot of conversions to be done that haven't benefited from adjustment that the reg. "D" holders got.
Yeah but Jason is hitting the news with anything he can. Today he posted a report of a bank again. Probably the same one that he had in previous years.
There is s new news update... please see Globenewswire or your broker for this update...
They have been playing games with the stock ever since they repriced $1 million in regulation "D" shares to .02. Jason turned 931K shares into 46.5 million to try and bail out the regulation "D" offering buyers and some should already be vested. I have to wonder how many shares they are actually converting and how many in this market don't realize what is going on. Once they get a decent bid build the dumping will need to begin again.
The best way to teach Jason a lesson is to strand investors like those who bought into the regulation "D" last summer. Jason can't raise money if he can no longer get these worthless shares sold to the hapless retail market. This company's shares have been virtually worthless to retail traders for at least 2 years.
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16432850&guid=gFA-k6fu0R9DB3h
Between August 25, 2022, and November 7, 2022, we sold 931,000 shares of Common Stock to 39 accredited investors in a private placement offering, in exchange for $931,000.
Form 8K
https://www.otcmarkets.com/filing/html?id=16510566&guid=NiA-kq-5bLW3Qth
... we offered and sold to the Investors a total of 931,000 shares of our common stock, par value $0.001 (the “Common Stock”), at a purchase price of $1.00 per share, for aggregate gross proceeds of approximately $931,000....
On March 17, 2023, we amended the terms of the Original SPA (as amended, the “Amended SPA”). Under the Amended SPA, the number of shares received by each Investor will be multiplied by 50.
Eric Burton: “We gotta get outta this place, if its the last thing we ever do.”
Sad business, indeed. Rigged. Crooked. Rotten.
I see what you mean, very odd. This tickers has a full complement of tricky tools to deploy and they are probably desperate at this point to generate some activity. It will be an impossible chore converting nearly a million dollars worth of regulation "D" shares in this market with this conman at the helm in my opinion. There is much more out there aside from the offering. Ridiculous.
That was some mighty strange trading here today... $ATDS
Low volume walk up and now the dump. Congratulations are in order for the new bag holders. LOL
If they’re greedy, they’ll let it rise.
Yep, they repriced those regulation "D" shares from $1 to 0.02 and given the dates of issue they are starting to be eligible to convert. Jason has taken this down from north of $10 to a 52 week low of .025 but traders still buy none the less. They have been walking it and will no doubt get another pool of bidders to dump into. 3 splits in less than 3 years and you would have to believe he is ready for another.
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16432850&guid=gFA-k6fu0R9DB3h
Between August 25, 2022, and November 7, 2022, we sold 931,000 shares of Common Stock to 39 accredited investors in a private placement offering, in exchange for $931,000.
Form 8K
https://www.otcmarkets.com/filing/html?id=16510566&guid=NiA-kq-5bLW3Qth
... we offered and sold to the Investors a total of 931,000 shares of our common stock, par value $0.001 (the “Common Stock”), at a purchase price of $1.00 per share, for aggregate gross proceeds of approximately $931,000....
On March 17, 2023, we amended the terms of the Original SPA (as amended, the “Amended SPA”). Under the Amended SPA, the number of shares received by each Investor will be multiplied by 50.
46,550,000 can be dumped at any time unfortunately
Paying themselves in shares….. will they get greedy and dilute heavily? Or will they give this some slack?
Paid themselves in shares...
A couple of new form 4s. LOL
Remillard Jason L M
https://www.otcmarkets.com/filing/html?id=16550591&guid=yDm-kFgu3GqfJth
McCraw Greg
https://www.otcmarkets.com/filing/html?id=16550576&guid=yDm-kFgu3GqfJth
Given the 6 month vesting period and todays price those converting regulation "D" shares will do well if they can keep it in this range. Jason can keep them in the green because as always it is just a matter of issuing more shares. He could split the stock and amend the offering again. It is just a game and they have plenty of tools at their disposal.
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16432850&guid=gFA-k6fu0R9DB3h
Between August 25, 2022, and November 7, 2022, we sold 931,000 shares of Common Stock to 39 accredited investors in a private placement offering, in exchange for $931,000.
Form 8K
https://www.otcmarkets.com/filing/html?id=16510566&guid=NiA-kq-5bLW3Qth
... we offered and sold to the Investors a total of 931,000 shares of our common stock, par value $0.001 (the “Common Stock”), at a purchase price of $1.00 per share, for aggregate gross proceeds of approximately $931,000....
On March 17, 2023, we amended the terms of the Original SPA (as amended, the “Amended SPA”). Under the Amended SPA, the number of shares received by each Investor will be multiplied by 50.
Oh, Jolly... 50 million more shares...
The price walk up continues. They have nearly $1 million in regulation "D" offering shares now priced at .02 with the latest share adjustment. To say nothing about the other notes in the pipeline. What they plan to use to bait that hook to attract new retail money is the an interesting mystery.
Jason must be desperate at this point to prevent those invested in notes from being left holding the bag. Once that precedent has been made he is in for some real trouble raising future funds. This company is only as good as its ability to print and sell those new shares. One thing is for sure, retail trading losses will be needed to pay for it. That has been the story here for three splits and three years now.
One could presume that some of the regulation "D" shares that have been repriced at .02 a share are currently eligible to convert. According to the 10K some of those shares date back to August 2022. I bet those holders were hoping for a better margin. Maybe this low volume walk up will help get those shares sold. Buyer beware.
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16432850&guid=gFA-k6fu0R9DB3h
Between August 25, 2022, and November 7, 2022, we sold 931,000 shares of Common Stock to 39 accredited investors in a private placement offering, in exchange for $931,000.
Form 8K
https://www.otcmarkets.com/filing/html?id=16510566&guid=NiA-kq-5bLW3Qth
... we offered and sold to the Investors a total of 931,000 shares of our common stock, par value $0.001 (the “Common Stock”), at a purchase price of $1.00 per share, for aggregate gross proceeds of approximately $931,000....
On March 17, 2023, we amended the terms of the Original SPA (as amended, the “Amended SPA”). Under the Amended SPA, the number of shares received by each Investor will be multiplied by 50.
That’s exactly what I was thinking as well . Haha he’s absolutely useless and even if Jason issued 50 times more shares in which he did , it still would be hard as hell for this so called investor to break even . Not disclosing the terms of the loan is yet another example of how being compliant and transparent means nothing to him . I was thinking about the possibility of him pulling another rs after I read that he gave them 50 times more shares than their original loan which happened this past November. If I was a lender I wouldn’t touch this with a 100 foot pole. It has all the indications of an inevitable rs if not complete collapse. Haha I believe that Jason is using the proceeds to pay off the operational expenses in which he lends the money that they just received from the investor and telling us that he’s given the company money and then making a massive profit after he is repaid
This is a hoot. I was wondering how Jason wasn't screwing over some of the holders of his debt. New 8K out that increases the number of shares for the regulation "D" holders that was priced at $1. So instead of splitting the stock for the moment he has increased the number of shares for these holders bringing the new effective price per share to .02. These shares should be vested the first part of May. At the rate of price deterioration Jason may still need a split. LOL What a smelly mess! So $931,000 converting at $0.02.?!? impossible?
Form 8K
https://www.otcmarkets.com/filing/html?id=16510566&guid=NiA-kq-5bLW3Qth
... pursuant to which the Investors purchased an aggregate of 931,000 shares of the Company’s common stock...
On March 17, 2023, we amended the terms of the Original SPA (as amended, the “Amended SPA”). Under the Amended SPA, the number of shares received by each Investor will be multiplied by 50.
Well I would have to agree with you for the most but . But just because a Ceo writes it down doesn’t necessarily mean it’s perfectly legal. These types of activities by the ceo need to be addressed by whatever oversight committee. a ceo don’t take these types of actions as absolutely normal behavior. Hell bubae if I lent you 299k of which only 167k could only be accounted for and in return I get 602k This is beyond stupidity haha , Jason seems to always find a new low or bottom , but this is on top of his 500k-600k salary also which would total to be around 800k-900k a year for Jason . All the deferred income is most likely always making its way to Jason and no one else
I really haven't been digging into the filings of this lately. The fact that Jason has been able to operate like this really illustrated how corrupt the OTC can be and not flag attention from some oversight body.
That is an nice find. It looks like he did the same thing in 2020 and received only a marginal amount in return that would reflect normal interest. He essentially doubled his money after that and the amount used for operating expenses was substantially less. He likely pocketed what he could.
So we know that Jason has total control over this stock through his ownership of teh series "A" shares and even though the are references to a board of directors in the filings that they actually is no board as a practical matter. So Jason is issued 108,000 shares shortly after the split last year for series "A" conversions at a rate of 15,000 : 1. His ownership only drops
from 150,000 to 149,892 while bagging quite a handsome sum for the conversions last year. He can make a bloody fortune splitting this each year and converting those shares at a rate of 15,000 :1. What a stinking scam that appears to be perfectly legal as long as he files the proper paperwork. There is no real "fiduciary responsibility" to shareholders in the OTC in my opinion.
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16432850&guid=NYA-kq6Mr6aUAch
NOTE 16: RELATED PARTY TRANSACTIONS
During the year ended December 31, 2022, the Company borrowed $299,281 from our CEO, our CEO paid operating expenses of $167,653 on behalf of the Company and the Company repaid $602,237 to our CEO. During the year ended December 31, 2021, the Company borrowed $231,150 from our CEO, our CEO paid operating expenses of $135,793 on behalf of the Company and the Company repaid $399,169 to our CEO.
As of December 31, 2022 and 2021, the Company had due to related party of $112,062 and $247,366, respectively, which arose from the DMB transaction to acquire DataExpress™.
Each share of Series A is the equivalent of 15,000 shares of Common Stock. Our Chief Executive Officer, Jason Remillard, holds 149,892 shares of our Series A Preferred Stock. Through his ownership of Series A Preferred Shares, Mr. Remillard has voting control over all matters to be submitted to a vote of our shareholders.
During the year ended December 31, 2022, we issued 108,000 shares of Common Stock for conversion of Series A preferred stock.
As of December 31, 2022 and December 31, 2021, 149,892 and 150,000 shares of Series A were issued and outstanding, respectively.
For the fiscal year ended: December 31, 2021
https://www.otcmarkets.com/filing/html?id=15703045&guid=NYA-kq6Mr6aUAch
NOTE 16: RELATED PARTY TRANSACTIONS
During the year ended December 31, 2021, the Company borrowed $231,150 from our CEO, our CEO paid operating expenses of $135,793 on behalf of the Company and the Company repaid $399,169 to our CEO. During the year ended December 31, 2020, our CEO paid operating expenses of $299,173 on behalf of the Company and the Company repaid $303,079 to our CEO.
Item 13. Certain Relationships and Related Transactions, and Director Independence.
Certain Relationships and Related Transactions
Jason Remillard is our Chief Executive Officer and sole director. Through his ownership of Series A Shares, Mr. Remillard has voting control over all matters to be submitted to a vote of our stockholders.
Look at the latest fins and go to page 29 or F-29 under the related party transactions and you will see how the company borrowed money from jason in the amount of 299k and what even makes less sense is that they described what the money and how much of it was used for. So the company borrowed 299k from the Ceo and they used it to pay off operating expenses which amounted to 167k . So how and what they did with the remaining 133k that Jason gave to his own company or the ceo of his own company which is one person and not two separate entities, since Jason controls every aspect of the company and has clearly stated in all the fins . So of the 299k that Jason lent and received of which 167k could only be accounted for . So what makes even less sense is that Jason was paid 602k in return for the amount that he lent to his own company. This is beyond unethical and should be looked into . Anyway you look at it , wait let me just say that none of this makes any sense regardless of how you look at it. So looking at Jason’s salary and all the stock options that he awards himself every quarter and then add the 300k that jason gave only to Receive twice as much as he gave to the so called company, it would amount to about 800-900k a year for Jason and his salary. And then look further back into other older fins and you will see the very same thing .
Bubae I’m surprised that you missed the part where Jason once again uses his own money to pay off some debt and in return he received twice the amount of money that he had lent . He has done this before and always gets paid much more than what he has lent to the company . Also Jason has given himself an increase in salary while the companies revenue has declined over the past 5 years or whenever Jason became the CEO . Also Jason has managed to produce a negative shareholders equity , which is much more serious than having any amount of debt at any given time or moment . For Jason this is purely a share selling scheme and I personally don’t expect anything from him or his great management team. But bubae I’d like to see if you can find what I am referring too in the fins for the company and then look at the previous fins and see if you can find a very common pattern of Jason lending money to the company and then gets reimbursed twice if not more than his original loan amount.
I have no crystal ball so I can't say that the stock can't be flipped. But they have been soaking up all the liquidity available for months in such a way that retail profit taking appears unachievable. Just looking at all the deals of the past year for conversions and it is hard to believe that many note holders won't find themselves upside down on their investments. Once Jason starts screwing note holders you can bet that the end is in sight. If retail buying dries up it will seal the deal.
I can never un-puzzle, why executives who treat their shareholders/investors this way, think that other investors should trust them.
I thought about getting some but after reading some comments here decided not to. So. Thank you :)
Jason released a S-8 filing April 2022, "Amended and Restated Articles of Incorporation" where it appears to try and absolve himself and others of the coming money grab. It would appear to try and help cover what he would be doing for the next year, that being to take this stock down from north of $10 to a 52 week low of less than 3 cents. In any other universe other than the OTC stinky pinks this would be obvious fraud in my opinion.
This is a great example of how the SEC sanctions this sort of activity as long as the crooks file the proper paperwork. As long as they file the debt deals for conversions Jason can do this all day long. He can split the stock again for the fourth time in four years, and continue to do this all day long as long as traders line up to buy the stock. This will only stop when those who enter into the convertible note deals can no longer find hapless traders to unload the shares on for a profit. Sunlight on this SOB is the only sanitizer.
Form S-8 April 27th 2022
https://www.otcmarkets.com/filing/html?id=15755599&guid=B2A-kF02DfImB3h
tem 6. Indemnification of Directors and Officers
Our Amended and Restated Articles of Incorporation (our “Articles”), provide to the fullest extent permitted by the Nevada Revised Statutes, that our directors or officers shall not be personally liable to us or our stockholders for damages for breach of such director’s or officer’s fiduciary duty. The effect of this provision of our Articles is to eliminate our rights and our stockholders’ rights (through stockholders’ derivative suits on behalf of our company) to recover damages against a director or officer for breach of the fiduciary duty of care as a director or officer (including breaches resulting from negligent or grossly negligent behavior), except under certain situations defined by statute. We believe that the indemnification provisions in our Articles are necessary to attract and retain qualified persons as directors and officers.
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New $300k toxic note courtesy of maxim
Latest 10-Q observation
NOTE 3: LIQUIDITY AND GOING CONCERN
The accompanying consolidated financial statements have been prepared (i) in accordance with accounting principles generally accepted in the United States, and (ii) assuming that the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. After a period of no income, the Company has recently generated increasing income. However, the Company is subject to the risks and uncertainties associated with a business with growing revenue, as well as limitations on its operating capital resources. These matters, among others, raise substantial doubt about the ability of the Company to continue as a going concern. These consolidated financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. In light of these matters, the Company’s ability to continue as a going concern is dependent upon the Company’s ability to raise capital and generate revenue and profits in the future.
Summary
Data443 Rik Mitigation (ATDS: OTC) is a solid and fast-growing cyber security company that has seen its shares falling from $1.09 in the past 12 months to 1 cent within the past week. The company has been growing, but convertible note holders have been liquidating without regard to price and have consequently created an extremely undervalued opportunity for investors.
Adds Sophisticated Content Analysis and Intelligent Content Migration Capabilities to Growing Software-as-a-Service (SaaS) Portfolio
RESEARCH TRIANGLE PARK, NC, Aug. 20, 2020 (GLOBE NEWSWIRE) -- Data443 Risk Mitigation, Inc. (“Data443” or the “Company”) (OTCPK: ATDS), a leading data security and privacy software company, is pleased to announce that it has acquired the intellectual property rights and assets of FileFacets®, a Software-as-a-Service (SaaS) platform that performs sophisticated data discovery and content search of structured and unstructured data within corporate networks, servers, content management systems, email, desktops and laptops.
The acquisition has closed, and all assets have been transferred. Terms of the transaction were not disclosed.
8K Filing August 21st 2020
On August 17, 2020, following receipt of written approval from stockholders acting without a meeting and holding at least the minimum number of votes that would be necessary to authorize or take such action at a meeting, Data443 Risk Mitigation, Inc. (the “Company”) filed a Certificate of Amendment to the Articles of Incorporation with the Secretary of State of the State of Nevada to increase the number of authorized shares of common stock from 750,000,000 to 1,500,000,000, effective August 17, 2020. The Certificate of Amendment is attached to this Current Report as Exhibit 3.1. All descriptions of the Certificate of Amendment herein are qualified in their entirety to the text of Exhibit 3.1 hereto, which is incorporated herein by reference.
On August 17, 2020, the holders of 86% of the issued and outstanding shares of stock of the Company entitled to vote took action by their written consent and without a meeting, pursuant to Nevada Revised Statute 78.320. The number of shares entitled to vote was deemed to be 2,620,701,789, representing the total number of issued and outstanding shares of (i) common stock; and, (ii) Series A Preferred Stock converted into common stock for purposes of voting. The Certificate of Amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of common stock from 750,000,000 to 1,500,000,000 was approved. 2,250,000,000 shares were voted in favor of the Amendment, and such stockholders signed a written consent taking such action without a meeting or involvement of the Company. The written consent was delivered to the Company on August 17, 2020. | SUBJECT TO |
Rapidly combining some of the best DRM, eDiscovery, Classification, Identity Governance and DLP technologies into a solution positioned for Privacy and Compliance activities – across virtually any data source and device. The only provider to offer a full GDPR/CCPA request management platform, and an open sourced platform that has over 10,000 active installations.
The ARALOC Boardroom by Data443™ Content Distribution and Board Management System provides custom configured and branded native apps to streamline your corporate board governance and security guidelines. The only product on the market that features an array of user-friendly board content publishing and distribution automation controls, Boardroom requires minimal training and support. Using THE ARALOC Content Library, board members can use dedicated apps to view board materials from their mobile or desktop devices online or offline. With industry-leading fully enabled Rich Media Support, members are able to upload and encrypt all file formats for distribution. System notifications and automatic synchronization ensure board members always have the most recent board content materials. Multi-level views allow multiple boards to be houses and controlled from one central location.
GDPR Compliance
The GDPR Framework WordPress Plugin by Data443 allows for an easy, fast and cost-effective compliance solution for the GDPR. Achieve a fast time-to-value with 12 GDPR articles being met straight out-of-the-box. In a few clicks you can handle DSARs, consent, report and many other GDPR requirements. We are developer-friendly. Everything can be extended; every feature and template can be overridden. We are excited to announce we just hit 100k downloads and 10k active installations.
CCPA Compliance
Data443 ClassiDocs™ allows for an easy, fast and cost-effective compliance solution for the new CCPA. Achieve a fast time-to-value with the five key requirements of CCPA being met straight out-of-the-box. Data443 ClassiDocs™ supports over 200 file types and 400 databases while integrating with your existing DLP/CASB/SIEM/Cloud Solutions. Data443 ClassiDocs™ is the solution for classification, governance, and discovery across all data sources.
ClassiDocs™ takes the effort out of classifying your data by applying the same rules, technology, machine learning, and ongoing classification stewardship throughout the organization. This ensures always-accurate, continually relevant data security for your whole IT estate. ClassiDocs™ is purposefully user-centric to increase adoption and adherence with no training. Ease-of-use control with minimal interruptions and your-company-specific branding allows users to engage quickly and make fewer mistakes. Administration is simple via an easy-to-understand, centralized control panel that delivers both preset and customizable analytics.
RESEARCH TRIANGLE PARK, NC, July 29, 2020 – Data443 Risk Mitigation, Inc. (“Data443” or the “Company”) (OTCPK: ATDS), a leading data security and privacy software company, today announced that it has appointed Mr. Omkhar Arasaratnam, a 20-year expert in information technology and leadership in global cybersecurity projects to its Advisory Board effective immediately.
Mr. Arasaratnam currently serves as Director of Engineering, Assurant Security for Google LLC, and is a Senior Fellow with the NYU Center for Cybersecurity at the NYU Tandon School of Engineering, and a member of the NYU Cyber Fellow Advisory Council. Previously, Mr. Arasaratnam served as Executive Director of Data Project Engineering at JPMorgan Chase, and has previously led security organizations at financial and technology institutions, such as Credit Suisse, Deutsche Bank, TD Bank Group, and IBM. In this capacity, he has revolutionized the effectiveness of cybersecurity controls. He is an accomplished author with several granted patents and has led contributions to many international standards.
DATA443 RISK MITIGATION PROVIDES BUSINESS UPDATE
RESEARCH TRIANGLE PARK, NORTH CAROLINA – (July 13, 2020) – Data443 Risk Mitigation, Inc. (“Data443” or the “Company”) (OTCPK: ATDS), a leading data security and privacy software company, today provided updates on its current business and financing arrangements:
Completed Payments to Modevity, LLC for the ARALOC™ platform, the Secure Private Data Storage, Protection, and enablement platform
As previously disclosed, on October 22, 2018, Data443 acquired all technology, sales assets, and customers of Modevity’s enterprise cloud-based data storage, protection, and workflow automation platform, ARALOC™. ARALOC continues to lead the industry with Digital Rights Management, Secure Content Distribution and nearly instant large organization implementation. Data443 continues to innovate with the product and will have forthcoming product and customer announcements in the near term. Additionally, Data443 has now remitted to Modevity all amounts due under the purchase transaction (over $1.2MM USD) and owes no further amounts or any other consideration to Modevity.
Reached Shareholder-Friendly Forbearance Agreements for Outstanding Convertible Notes
Effective July 1, 2020, Data443 entered into privately negotiated agreements with a number of existing holders of the company’s outstanding convertible notes, which is intended to reduce short-term debt obligations of the company, while also deferring a significant amount of debt which otherwise could have been converted into common stock. The revised terms of these existing convertible notes can be found in the Form 8-K that was filed by the Company on July 10, 2020, which can be accessed at:
https://www.sec.gov/Archives/edgar/data/1068689/000149315220013083/form8-k.htm
Data443 Risk Mitigation, Inc. (OTCPK: ATDS), a leading data security and privacy software company, announced today that it has completed its corporate actions with FINRA and began trading today with its new symbol – ATDS: All Things Data Security™.
Key Takeaways:
Over only the past two years, the company has combined the technology, people and revenue assets of 5 product lines to form one of the fastest growing data privacy organization on the market. These products on their own are market leaders in individual segments of the data security, compliance and governance marketplace.
Jason Remillard, Founder and CEO of Data443 stated, “The wide operating platform we have built has two main purposes – provide a foundation for operating revenues for the company and provide a supporting platform for our forthcoming privacy enablement platforms. We have more announcements coming in both areas in the near term – I am proud of the work of the whole team bringing this all together with all of our constraints – it is a considerable accomplishment!”
Data443 Risk Mitigation, Inc. (OTCPK: LDSRD), a leading data security and privacy software company, today reported operating results for the three and nine months ended September 30, 2019, including net revenue of $628,000 for the quarter, and strong billings growth quarter over quarter. Net billings represent actual sales which include revenues to be deferred over the term of the contract periods.
Jason Remillard, CEO of Data443, commented, “We delivered strong third quarter and nine-month results and continue to make solid progress towards achieving our long-term goals in delivering a complete data privacy, security and governance ecosystem that is unique and unrivaled in the marketplace. I’m very pleased with the seamless integration of DataExpressTM into the Company, along with achieving a significant customer renewal, and more to come! There’s no question that the last several months have been challenging in terms of our recent corporate actions, but I’m very proud of our team for keeping focused on the tasks at hand.”
“As we look towards the end of 2019, we expect to end the year at a very active pace, both commercially, as well as at the corporate level. As of today, we are less than two months away from the California Consumer Privacy Act (CCPA) taking effect, the first significant data consent and privacy legislation in the United States, perhaps the most comprehensive regulations since GDPR. Many companies don’t understand that preparations need to be made now, before the regulation (and enforcement) goes into effect on January 1, 2020. This poses an incredible opportunity to drive home the importance of mitigating these compliance risks, positioning our sales staff to deliver more education and demos, with the goal of increasing our already growing customer base.
LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443 Risk Mitigation, Inc. (“Data443”), a leading data security and privacy software company, today announced another major client win within its DataExpress™ NonStop (DXNS) Secure Managed File Transfer Service. The customer is a leading global payments technology company that operates in over 200 countries and territories worldwide.
The customer approached Data443 with the following key business challenges:
LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443 Risk Mitigation, Inc. (“Data443”), a leading data security and privacy software company, today announced it has completed the acquisition of DataExpress™, one of the world’s leading vendors for secure sensitive data transfer for hybrid cloud.
Key Takeaways:
LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443 Risk Mitigation, Inc. (“Data443”), a leading data security and privacy software company, today announced continued momentum in its product line with the addition of high-profile new data sources to enable in CCPA, GDPR, eDiscovery, archiving and data retention requirements.
The growing platform list of integrations include support for leading social media channels such as Twitter, Facebook, Instagram and LinkedIn. These platforms are rife with potential privacy information and have a large part to play in any litigation response.
Within ArcMail’s recently released Hybrid Cloud/On-Premise Software Subscription service, customers are enabled to search faster, store smarter, and protect better in light of increasing data privacy and compliance requirements. For highly-regulated industries like education, financial services, and government, ArcMail’s Hybrid Cloud/On-Premise Software Subscription service allows the organization to leverage a subscription-based service for full and continuous coverage, while reducing IT burden and spend.
TheAccessHub™ accelerates Identity Governance time-to-value by more than 2,600 percent
LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443™ Risk Mitigation, Inc. (“Data443”), a leading data security and privacy company, and N8 Identity, Inc. the leader in agile, cloud-based identity governance solutions, today announced a major client win following a three-month pilot.
The new client, a global NYC-based 1.4B market cap NYSE-traded organization, approached Data443 and N8 Identity with the following key business challenges...
LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443™ Risk Mitigation, Inc. (“Data443”), a leading data security and privacy company, today announced the completion of joint efforts with finance partners resulting in the favorable new terms on existing debt. Additionally, the Company has received notice of final conversion of the $125,000 legacy convertible note issued by the Company in 2014 and subsequently acquired by Blue Citi LLC (“Blue Citi”).
Effective June 19, 2019 the Company and three existing note holders have agreed as follows:
LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443™ Risk Mitigation, Inc. (“Data443”), a leading data security and privacy company, announced today that it has received notice from the Securities and Exchange Commission (the “SEC”) that the SEC has completed its review of the Form 10 Registration Statement as filed with the SEC on January 11, 2019; and, amended on April 24, 2019. The Form 10 was effective as of March 12, 2019. The completion of review by the SEC further confirms the Company’s commitment to being subject to the reporting requirements of the SEC, and specifically of the Exchange Act of 1934, as amended. While the Company has already filed an Annual Report on Form 10-K and five (5) periodic reports on Form 8-K since the filing of the Form 10, the Company will not be required to file any further amendments to the Form 10.
Jason Remillard, Chief Executive Officer of the Company and founder of Data443, said, “The completion of the review of our Form 10 by the SEC is yet another milestone achieved in our continued growth. We view it as a validation of our reporting process and financial management, which continues to evolve. Similar to when the Form 10 went effective back in March, this also underscores our commitment to provide our investors with transparency and accountability.”
“We are excited to bring Mr. Dawson onto the Data443 team to help us achieve our growth goals and support both our investor and client communities,” said Jason Remillard, founder and CEO of Data443. “His expertise will make an immediate and long-term impact on our business and we are especially enthusiastic about his ability to build and manage finance and accounting practices within complex, highly-regulated industries.”
LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443™ Risk Mitigation, Inc. (“Data443”), a leading data security and privacy software company, today filed its Form 10-K with the U.S. Securities and Exchange Commission (the “SEC”) to disclose its financial results for the fourth quarter and fiscal year ended December 31, 2018.
Key Takeaways:
Management Commentary:
Jason Remillard, Founder of Data443 and CEO of LandStar, commented, “2018 was much more than a transitional year for LandStar; it was a major foundational year in which we established the platform that the Company is being built upon. I’m excited to say that we are now at the point where we can accelerate the pace of our planned corporate actions, as well as continue on our product development and acquisition roadmap.”
“These results only validate what has been our growth strategy all along; to acquire highly successful companies with complementary technologies and skill-sets that can easily fit and rapidly enhance our market positioning, provide a healthy customer base, and that are accretive to our bottom-line. I’m happy to report our initial revenues, and look forward to subsequent quarterly reports, when the full-quarter’s contribution of revenues from our acquired businesses will be reflected in our financial statements.”
LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443™ Risk Mitigation, Inc. (“Data443”), a leading data security and privacy company, announced that it is has launched its online ordering platform for the ARALOC™ Board Management product.
Jason Remillard, Chief Executive Officer of LandStar and founder of Data443™, commented, “As we continue our marketing campaigns, the ability to order and provision online is an important step in the customer buying journey. Our trial and buy portal has been long planned and we are pleased to offer several different editions of the leading ARALOC Board Management Software platform. We will introduce more purchase options for the ARALOC platform and the rest of our product catalogue over the near Our existing stockholders may experience significant dilution from the sale of our common stock pursuant to the Financing Agreement.
The sale of our common stock to PAG Group, LLC in accordance with the Financing Agreement may have a dilutive impact on our stockholders. As a result, the market price of our common stock could decline. In addition, the lower our stock price is at the time we exercise our put options, the more shares of our common stock we will have to issue to PAG in order to exercise a put under the Financing Agreement. If our stock price decreases, then our existing stockholders would experience greater dilution for any given dollar amount raised through the offering.
The perceived risk of dilution may cause our stockholders to sell their shares, which may cause a decline in the price of our common stock. Moreover, the perceived risk of dilution and the resulting downward pressure on our stock price could encourage investors to engage in short sales of our common stock. By increasing the number of shares offered for sale, material amounts of short selling could further contribute to progressive price declines in our common stock.
PAG Group, LLC will pay less than the then-prevailing market price of our common stock, which could cause the price of our common stock to decline.
Our common stock to be issued under the Financing Agreement will be purchased at a ten percent (10%) discount, or ninety percent (90%) of the lowest closing price for our common stock during the ten (10) consecutive trading days immediately preceding the date on which we issue a Put Notice to PAG (as provided for in the Financing Agreement).
PAG has a financial incentive to sell our shares immediately upon receiving them to realize the profit between the discounted price and the market price. If PAG sells our shares, the price of our common stock may decrease. If our stock price decreases, PAG may have further incentive to sell such shares. Accordingly, the discounted sales price in the Financing Agreement may cause the price of our common stock to decline.
We may not have access to the full amount under the Financing Agreement.
The lowest closing price of our common stock during the ten (10) consecutive trading day period immediately preceding the filing of this Registration Statement was approximately $0.26. At that price we would be able to sell shares to PAG under the Financing Agreement at the discounted price of $0.234. At that discounted price, the 4,046,995 shares would only represent $946,997, which is far below the full amount of the Financing Agreement.
"Data443 has joined forces with Business Partner Solutions, Inc. (BPS), a U.S.-based security focused value-added reseller (VAR). Founded in 2005, BPS is a certified CPUC and Woman Owned and Operated enterprise, a proven go-to for security VAR focused on providing emerging but proven security and compliance solutions to its customers. These clients include many Fortune 500 companies, public utilities, healthcare and retail. The partnership expands U.S. market coverage for Data443’s growing portfolio of products and aligns the company with a leading reseller that has specific expertise in data security, privacy compliance, and risk mitigation."
Data443, a leading data security and privacy company, announced today the completion of the audit of its Consolidated Annual Financial Statements for the fiscal years ending December 31, 2016 & 2017. An independent auditor (which is a PCAOB registered accounting firm) completed two consecutive years of the audits of the Company’s financial statements within the guidelines of Generally Accepted Accounting Principles (GAAP). The results will be filed without delay with OTC Markets as an amendment to the Company’s previously filed financials for its year ending December 31, 2017.
https://www.data443.com/pr-n8-letter-of-intent/
Recorded audio of the session can be accessed here:
https://www.data443.com/investor-faq/
Data443/ClassicDocs Competitive Review
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Data443 Secures Global Rights to Leading WordPress GDPR Solution
https://wordpress.org/plugins/gdpr-framework/advanced/
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